Are happy days here again in equities?

Commodities: April gold is the story as it is staging a mighty impressive rally from the $1,250 area all the way to $1,320 today. With the Chinese New Year trading holiday now over, we believe the Chinese getting back into the gold trade may have had a huge bullish impact. March crude oil is hovering at the $100 level, and we would not be surprised to see it head to at least $102, possibly supported by global economic strength which could reveal itself over the next several months. As we have noted, we are watching the RBOB gasoline complex, thinking that this recent rally could continue as we head into spring time. We would not be shocked to see March RBOB head to our first target of $2.82. May copper is up 1.35¢ to almost $3.26, and if China continues to show economic strength, we could see another leg up in copper prices to $3.40.

<< Page 2 of 2
About the Author
Anthony Lazzara

Anthony Lazzara, CEO of Newport Beach, Calif., commodities investment firm Lido Isle Advisors, spent 10 years as a trader and floor broker at the Chicago Board of Trade and Chicago Mercantile Exchange. Anthony has significant experience in the energy, fixed income, and equity futures markets. After being a long-time independent futures trader, Anthony saw a tremendous opportunity to educate investors on how to invest in professional traders. Anthony is now focused on his duty as CEO of Lido Isle Advisors.

comments powered by Disqus
Check out Futures Magazine - Polls on LockerDome on LockerDome